China Resources Medical Holdings Co (DE:1PH) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Resources Medical Holdings Co. reported a rise in profit for the first half of 2024 compared to the same period in 2023, with earnings per share increasing from 0.31 to 0.34 yuan. Despite a slight decline in revenue, the company’s cost-cutting measures appear to have been effective, with reduced finance costs and lower selling, distribution, and administrative expenses contributing to the improved bottom line. The overall financial health of the company seems to be strengthening, as indicated by the unaudited consolidated results.
For further insights into DE:1PH stock, check out TipRanks’ Stock Analysis page.